Torrent Power has received an approval for seeking consent of the Shareholders by way of Postal Ballot & E-voting for issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs 1,500 crore at par, on a private placement basis within the overall borrowing limits of the company as approved by the shareholders. The board of directors at its meeting held on October 27, 2016 has approved for the same.
Torrent Power is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh.
